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In a notable financial move, major investors like Norges and Motilal Oswal are expressing a keen interest in Zepto’s upcoming initial public offering, which is valued at approximately Rs 11,000 crore. The anchor book is approaching its closure, with these investors poised to capture a substantial share. Zepto’s valuation for this IPO stands at an…
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Jammu and Kashmir Bank has sold a 0.5% stake in PNB MetLife India Insurance to MetLife International Holdings for Rs 120 crore. The transaction reduces the bank’s holding to 2.5% without changing control of the life insurance company.
RIL Q1 Results: Reliance Industries reported a 22% year-on-year decline in Q1FY27 consolidated net profit to Rs 20,946 crore, impacted by a one-time exceptional gain from the Asian Paints stake sale in the year-ago quarter. Revenue from operations rose 25% to Rs 3.11 lakh crore, while EBITDA increased 10% to Rs 54,067 crore, reflecting strong…
Reliance Jio Q1 Results: Average Revenue Per User (ARPU) stood at Rs 215.6 during the quarter under review, up from Rs 208.8 reported in the same period in the last fiscal year, and Rs 214 reported in Q4 FY26.
Reliance Retail Q1 Results: The company’s EBITDA margin moderated 80 bps to 7.9% due to the growing contribution of digital commerce in revenue and associated infrastructure investments increasing fixed costs.
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Wall Street banks are on track for record trading revenue, driven by AI investing, dealmaking and active markets rather than crisis conditions. While profits remain strong, analysts caution that crowded AI trades, rising volatility and inflation risks could challenge markets later in 2026.
Wall Street opened lower as investors reassessed the strength of the AI-driven rally, triggering a fresh selloff in chip stocks. Nvidia and Intel declined, while Netflix dropped after a weak forecast. The Nasdaq led losses, reflecting pressure on tech stocks amid rising uncertainty and cautious market sentiment.
MakeMyTrip has stealthily submitted documents for its Indian subsidiary’s IPO, marking a significant step in expanding its market presence. The planned offering includes equity shares in MakeMyTrip India Ltd. By doing so, the company aims to boost brand recognition and motivate talent within the subsidiary. The funds raised will bolster MakeMyTrip’s financial strength, paving the…